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AmEx's CEO Got $16.8 Million in Pay Last Year

By

Aparajita Saha-Bubna

March 4, 2011 6:20 p.m. ET

American Express Co.'s Chief Executive Kenneth I. Chenault received total compensation valued at $16.8 million in 2010 as the company posted healthy gains in profit fueled by higher consumer spending and lower loss reserves.

This amount includes a base salary of $1.9 million and a cash bonus of $2 million, the company said in a preliminary proxy filing late Friday with the Securities and Exchange Commission. Mr. Chenault made $17.4...